HELP! Non-profit Foundation?

[Earnest]

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the registration of foundation in the SEC requires PhP1M in the bank as paid-up capital with 15 Incorporators.

puede ba sole ang foundation?

[darkcrux]

We opened an NGO once.. it didn't last long but I'm planning on reviving it in the future. One of the best ways to get fundings is to partner yourself with international foundations and help with their cause. I'll ask the people involved on how we did it before.

If your plan pushes through, a lot of people will get the help they need. Best of Luck.

[darkcrux]

I just asked around... Before it was not 1M pesos but only 50,000.. but now SEC implemented a stricter requirement to prevent those people with ill motivated plans.

@earnest.. as I recall.. murag dili na pwede. ^_^

[Earnest]

@darkcrux please update us nya if naa ky info bro ha? as of now ako lng ghimo murag coop type nga murag business for my employees. its a consumer/credit type nga coop/company nila. bag-o lng gasugod so wa pa kau ko kabalo any possible problems ma-encounter nya ani. kung naa ky masuggest bro please share it lng... thank you kau bro